Friday, April 8, 2011

April 8, 2011, Scottsdale, AZ – VaultWare, a leading provider of Internet marketing and leasing solutions for the apartment industry, today announced the launch of VaultWare Market Comps, a convenient research tool that simplifies the collection and analysis of a property’s local competitive market data. Market Comps is a free value-added service that is powered by Rent.com and VaultWare property data and can be accessed from the VaultWare Control Panel or the Rent.com Manager’s Console.

VaultWare Market Comps eliminates the time-consuming and error-prone practice of property staff calling numerous competitive properties to obtain their current rental rates. With automatic, weekly data updates, properties can now easily see accurate competitive pricing and quickly be aware of rent changes for different apartment types in their defined competitive market.

“A lot of time is spent calling around for competitive rents and often times the quality of the data obtained is not reliable,” said Mike Cornell, President of VaultWare. “Most other sources are expensive and already out of date when purchased. Market Comps does the work for the properties and ensures they are aware of changes to their market conditions as they happen rather than reacting to a trend that happened weeks or months ago.”

VaultWare Market Comps features include:

Dynamic graphs for visual representation of trends and property comparisons

Aggregate and individual competitor views

Detailed comp report generation and export to Excel capabilities

Customizable alerts to be notified of competitive market rent changes

VaultWare and Rent.com customers can take advantage of VaultWare Market Comps Premium features free of charge until August 1, 2011. For more information or assistance with accessing VaultWare Market Comps, properties can contact VaultWare at support@vaultware.com or (480) 905-3670 option 2.

About VaultWare

VaultWare is located in Scottsdale, Arizona and offers online marketing and leasing solutions for the multifamily housing industry, including its flagship product, the VaultWare Apartment Reservation System. VaultWare helps property managers effectively market their properties and available apartments on the web making it easy for consumers to find, reserve and instantly pre-qualify for apartments online and increase a property’s efficiency and occupancy rates by delivering apartment management companies the highest-qualified prospects possible. Over 150 management companies throughout the United States, from small property management companies to some of the country’s largest real estate investment trusts, use the award-winning VaultWare Apartment Marketing and Leasing Suite. To learn more about VaultWare, visit the company’s website at www.VaultWare.com.

About Rent.com

Rent.com is the nation’s #1 Internet listing site (ILS) in the rental housing industry enabling renters to find a residential rental property online using a free robust search tool. Rent.com has the most online traffic and the largest inventory of contracted property listings. As the only national ILS with a pay per lease business model, Rent.com allows property managers to cost-effectively fill their vacancies. Prospective renters can search the site’s detailed property listings, including contact information, pricing, photos, floor plans, and virtual tours. With the ability to directly contact property managers, finding the rental housing of your dreams is as easy as 1-2-3.

In addition to providing renters free access to detailed property listings and robust search tools, Rent.com rewards renters with a $100 prepaid Visa® debit card if they: (1) find their property using the Rent.com website, (2) tell the property owner or manager they found their rental home using Rent.com, and (3) report to Rent.com signing a lease with a property that participates in the $100 Reward Program. Rent.com is dedicated to giving renters a convenient way to find the perfect place to live.

Visit Rent.com’s blog, The Shared Wall, for information, advice and insight on the world of rental living at www.rent.com/blog. You can also follow Rent.com on Twitter at @RentDotCom or like us on Facebook at http://www.facebook.com/rentdotcom.